Higher Education


Pricing (Print on Demand)

Author(s): Steven Landsburg

ISBN: 9788131505236

1st Edition

Copyright: 2008

India Release: 2008


Binding: Paperback

Pages: 472

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This edition thoroughly develops the standard topics of intermediate price theory as well as such innovative topics as the economics of information, alternative normative criteria, efficient asset markets, contestable markets, antitrust law, human capital, and the demand for public goods. It also uses the timely topic of social welfare as a unifying concept throughout.

  • Pricing includes an excellent assortment of both fictional and real-world examples
  • Extensive sections are devoted to topics excluded from many standard intermediate textbooks, such as alternative normative criteria, efficient asset markets,contestable markets, antitrust law, mechanisms for eliciting private information regarding demand for public goods, human capital, increasing returns in economic growth, the Capital Asset Pricing Model, and the pricing of stock options
  • Chapter 1 covers economic analysis with examples drawn from sociology, biology, and history, illustrating the crossdisciplinary scope of microeconomics
  • The microeconomic relationship to macroeconomics is llustrated throughout the text

1. What Is Economics

2. Supply, Demand, and Equilibrium

3. Prices, Costs, and the Gains from Trade

4. The Behavior of Consumers.(Appendix: Cardinal Utility)

5. Consumers in the Marketplace

6. The Behavior of Firms

7. Production and Costs

8. Competition

9. Monopoly

10. Market Power, Collusion, and Oligopoly

11. The Theory of Games

12. External Costs and Benefits

13. Common Property and Public Goods

14. The Demand for Factors of Production

15. The Market for Labor

16. Allocating Goods Over Time

17. Risk and Uncertainty

18. Welfare Economics and the Gains from Trade.(Appendix: Normative Criteria.)

19. Knowledge and Information

Steven Landsburg, University of Rochester